Corsafien: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Corsafien
Largest movements
- Tangible fixed assets +€439,665
up €439,665 (+48.2%), from €912,467 to €1.4m
of which Land and buildings: +€442,115
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Cash +€148,913
up €148,913 (+115%), from €129,241 to €278,154
mainly Other debts (+€397,071) and Current investments (+€250,000)
- Stocks and contracts +€56,881
up €56,881 (+13.5%), from €420,212 to €477,092
- Other debts +€397,071
up €397,071 (+28.4%), from €1.4m to €1.8m
- Profit (loss) carried forward -€26,487
down €26,487 (-17.7%), from -€149,334 to -€175,821
- Trade debts +€22,127
up €22,127 (+385%), from €5,746 to €27,873
- Depreciation +€24,277
up €24,277 (+56.1%), from €43,307 to €67,584
- Other operating charges -€9,939
down €9,939 (-73.6%), from €13,503 to €3,565
- Financial income -€6,877
down €6,877 (-60.7%), from €11,334 to €4,457
- Gross operating margin -€6,303
down €6,303 (-13.5%), from €46,567 to €40,264
- Financial charges -€4,148
down €4,148 (-98.6%), from €4,207 to €59
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,727,021 | €2,119,086 | +€392,064 | +22.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €912,467 | €1,353,842 | +€441,375 | +48.4% |
| Tangible fixed assets | 22/27 | €912,467 | €1,352,132 | +€439,665 | +48.2% |
| Land and buildings | 22 | €903,096 | €1,345,211 | +€442,115 | +49.0% |
| Plant, machinery and equipment | 23 | €9,371 | €6,921 | -€2,450 | -26.1% |
| Financial fixed assets | 28 | - | €1,710 | +€1,710 | |
| Current assets | 29/58 | €814,554 | €765,244 | -€49,310 | -6.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €420,212 | €477,092 | +€56,881 | +13.5% |
| Stocks | 30/36 | €420,212 | €477,092 | +€56,881 | +13.5% |
| Amounts receivable within one year | 40/41 | €11,161 | €8,637 | -€2,524 | -22.6% |
| Trade receivables | 40 | €2,658 | €0 | -€2,658 | -100% |
| Other amounts receivable | 41 | €8,503 | €8,637 | +€134 | +1.6% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €129,241 | €278,154 | +€148,913 | +115% |
| Deferred charges and accrued income | 490/1 | €3,940 | €1,360 | -€2,580 | -65.5% |
| Total equity and liabilities | 10/49 | €1,727,021 | €2,119,086 | +€392,064 | +22.7% |
| Equity | 10/15 | €322,719 | €296,232 | -€26,487 | -8.2% |
| Contributions | 10/11 | €356,954 | €356,954 | = | 0.0% |
| Reserves | 13 | €115,098 | €115,098 | = | 0.0% |
| Distributable reserves | 133 | €115,098 | €115,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,334 | -€175,821 | -€26,487 | -17.7% |
| Amounts payable | 17/49 | €1,404,303 | €1,822,854 | +€418,551 | +29.8% |
| Amounts payable within one year | 42/48 | €1,403,561 | €1,822,854 | +€419,293 | +29.9% |
| Trade debts | 44 | €5,746 | €27,873 | +€22,127 | +385% |
| Suppliers | 440/4 | €5,746 | €27,873 | +€22,127 | +385% |
| Taxes, remuneration and social security | 45 | €0 | €95 | +€95 | |
| Taxes | 450/3 | €0 | €95 | +€95 | |
| Other amounts payable | 47/48 | €1,397,815 | €1,794,886 | +€397,071 | +28.4% |
| Accrued charges and deferred income | 492/3 | €742 | €0 | -€742 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,307 | €67,584 | +€24,277 | +56.1% |
| Other operating charges | 640/8 | €13,503 | €3,565 | -€9,939 | -73.6% |
| Gross operating margin | 9900 | €46,567 | €40,264 | -€6,303 | -13.5% |
| Operating profit (loss) | 9901 | -€10,243 | -€30,885 | -€20,641 | -202% |
| Financial income | 75/76B | €11,334 | €4,457 | -€6,877 | -60.7% |
| Recurring financial income | 75 | €11,334 | €4,457 | -€6,877 | -60.7% |
| Financial charges | 65/66B | €4,207 | €59 | -€4,148 | -98.6% |
| Recurring financial charges | 65 | €4,207 | €59 | -€4,148 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,117 | -€26,487 | -€23,370 | -750% |
| Income taxes | 67/77 | -€669 | €0 | +€669 | |
| Profit (loss) for the period | 9904 | -€2,447 | -€26,487 | -€24,040 | -982% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,447 | -€26,487 | -€24,040 | -982% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.